No Court order reversing ownership of Black Volta – Azumah Resources
No court ordered takeover of Black Volta ProjectAccording to the statement, there is no order from either the ICC Arbitration Tribunal or the High Court in England directing that the Black Volta Project be handed over to former investors—IGIC Pty Ltd, Cangol Pty Ltd and Azumah Resources Australia Ltd.
Azumah Resources Ghana Ltd has categorically rejected media reports alleging that an international arbitration tribunal or a foreign court has ordered the Black Volta Project to be handed over to former foreign investors, describing the publications as false, misleading and a complete misrepresentation of ongoing legal proceedings.” Mineral rights remain protected under Ghanaian lawThe company further maintained that no foreign court or arbitration tribunal could lawfully order the transfer of the project’s mineral rights because the concessions were granted by the Government of Ghana to Azumah Resources Ghana Ltd, Upwest Resources Ltd and Phoenix Resources Ltd.
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